Silver: White metal continues to shine in the Asian session

Posted on April 2, 2012 by GCI Financial

On Friday, Silver prices rose 1.01% to USD32.55 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.39, 0.28% higher from Friday’s close. Silver is expected to find support at 32.15, … Continue reading →

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Gold: Gold rose as the dollar weakened, trading lower this morning

Posted on April 2, 2012 by GCI Financial

On Friday Gold prices traded higher by 0.78% against the USD in the 24 hour period ending 23:00GMT, at 1673.60 per ounce, as the dollar weakened after European policymakers opted to lift a lending ceiling on bailout funds, and amid … Continue reading →

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Crude Oil: Oil fell on strategic release talks, Saudi comments; trading higher this morning on bargain hunting

Posted on March 30, 2012 by GCI Financial

Oil prices declined 2.07% against the USD for the 24 hour period ending 23:00GMT, closing at 103.30, after French Prime Minister, Francois Fillon stated there is a good chance of a US-Europe accord on a release strategic petroleum reserves. Additionally, … Continue reading →

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Silver: White metal continues its upward trend in the Asian session

Posted on March 30, 2012 by GCI Financial

Silver prices rose 0.39% to USD32.23 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.32, 0.3% higher from yesterday’s close. Silver is expected to find support at 31.86, and a … Continue reading →

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Gold: Trading higher in Asian session

Posted on March 30, 2012 by GCI Financial

Gold prices traded lower by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1660.68 per ounce. A leading broker cut its 2012 full-year forecast for gold by 18% to $1,680 per ounce, citing a continued improvement … Continue reading →

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Crude Oil: Oil down on EIA report, strategic release talks

Posted on March 29, 2012 by GCI Financial

Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 105.48, amid rise in the US crude oil inventories. The Energy Information Administration reported that the US crude oil inventories rose by 7.10 million … Continue reading →

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Silver: Silver prices extended its losses in the Asian session

Posted on March 29, 2012 by GCI Financial

Silver prices declined 1.57% to USD32.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.05, 0.15% lower from yesterday’s close. Silver is expected to find support at 31.67, and a … Continue reading →

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Gold: Continues to lose shine on tipid physical demand

Posted on March 29, 2012 by GCI Financial

Gold prices traded lower by 1.13% against the USD in the 24 hour period ending 23:00GMT, at 1661.87 per ounce, amid sluggish physical demand. In the Asian session, at GMT0300, Gold is trading at 1661.51, 0.02% lower from yesterday’s close. … Continue reading →

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Crude Oil: Oil down on US crude inventory rise; talks of strategic reserve release

Posted on March 28, 2012 by GCI Financial

Oil prices declined 0.14% against the USD for the 24 hour period ending 23:00GMT, closing at 106.88, after reports showed rise in the US crude oil stocks. Late yesterday, the American Petroleum Institute reported that the US crude oil inventories … Continue reading →

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Silver: Silver continues to lose steam in the Asian session

Posted on March 28, 2012 by GCI Financial

Silver prices declined 0.50% to USD 32.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.56, 0.15% lower from yesterday’s close. Silver is expected to find support at 32.31, and … Continue reading →

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Gold: Rising dollar erodes demand for precious metals

Posted on March 28, 2012 by GCI Financial

Gold prices traded lower by 0.46% against the USD in the 24 hour period ending 23:00GMT, at 1680.81 per ounce, amid profit booking. Meanwhile, demand for the yellow metal in major consumer India remained passive as a strike continued among … Continue reading →

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